The Islamic finance industry in the Gulf is moving towards a centralised sharia board as scholars from leading countries join a common United Arab Emirates entity, a leading Islamic scholar said.
The United Sharia Board, which began drawing scholars from local Islamic institutions two years ago, now has two members from Saudi Arabia and one scholar each from Kuwait and Qatar, Scholar Hussein Hamid Hassan said at the launch of a policy briefing on corporate governance in Islamic finance………………………………………..Full Article: Source